Elan & Co LLP - Accounts to registrar (filleted) - small 23.1.2

REGISTERED NUMBER: OC320737 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 October 2022

for

Elan & Co LLP

Page

General Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DESIGNATED MEMBERS:

Shakar Elahi FCCA

Ms Bernadette Teuma

REGISTERED OFFICE:

Unit 3 Cedar Court

1 Royal Oak Yard

London

SE1 3GA

REGISTERED NUMBER:

OC320737 (England and Wales)

ACCOUNTANTS:

ElanTax.com

Unit 3 Cedar Court

1 Royal Oak Yard

London

SE1 3GA

FIXED ASSETS

Tangible assets

4

22,539

30,052

CURRENT ASSETS

Debtors

5

156,495

534,415

Cash at bank and in hand

8,743

792

165,238

535,207

CREDITORS

Amounts falling due within one year

6

29,390

376,370

NET CURRENT ASSETS

135,848

158,837

TOTAL ASSETS LESS CURRENT LIABILITIES

158,387

188,889

CREDITORS

Amounts falling due after more than one year

7

155,556

188,889

NET ASSETS ATTRIBUTABLE TO MEMBERS

2,831

-

LOANS AND OTHER DEBTS DUE TO MEMBERS

2,831

-

TOTAL MEMBERS' INTERESTS

Loans and other debts due to members

2,831

-

The LLP is entitled to exemption from audit under Section 477 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 for the year ended 31 October 2022.

The members acknowledge their responsibilities for:

(a)	ensuring that the LLP keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the LLP as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 relating to financial statements, so far as applicable to the LLP.

The financial statements have been prepared and delivered in accordance with the provisions applicable to LLPs subject to the small LLPs regime.

In accordance with Section 444 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008, the Income Statement has not been delivered.

The financial statements were approved by the members of the LLP and authorised for issue on 26 July 2023 and were signed by:

Shakar Elahi FCCA - Designated member

1.	STATUTORY INFORMATION

Elan & Co LLP is registered in England and Wales. The LLP's registered number and registered office address can be found on the General Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the requirements of the Statement of Recommended Practice, Accounting by Limited Liability Partnerships. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

25% on reducing balance, 20% on reducing balance and 15% on reducing balance

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life. Plant and machinery etc - 25% on reducing balance, 20% on reducing balance and 15% on reducing balance.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3.	EMPLOYEE INFORMATION

The average number of employees during the year was NIL (2021 - NIL).

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 November 2021

and 31 October 2022

181,339

DEPRECIATION

At 1 November 2021

151,287

Charge for year

7,513

At 31 October 2022

158,800

NET BOOK VALUE

At 31 October 2022

22,539

At 31 October 2021

30,052

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.10.22

31.10.21

£

£

Trade debtors

23,794

56,185

Other debtors

132,701

478,230

156,495

534,415

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.10.22

31.10.21

£

£

Bank loans and overdrafts

6,948

29,527

Taxation and social security

5,889

7,961

Other creditors

16,553

338,882

29,390

376,370

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.10.22

31.10.21

£

£

Bank loans

155,556

188,889